Gold prices in UAE on August 2

Gold prices in the UAE experienced a slight decline on Sunday, August 2, 2026, across all denominations compared to the prices at the end of last week. The price of a gram of 24-karat gold was approximately 477.2 AED ($130.04), 22-karat around 437.47 AED ($119.20), and 21-karat about 417.6 AED ($113.78). Globally, gold prices concluded July with the largest monthly gain since February, supported by reduced expectations of interest rate hikes in the US following weak inflation data. Despite a weekly decline of 1.3%, bringing the price to around $4,049.83 per ounce, the precious metal marked its first monthly gain in five months.

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